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AbbVie to buy Allergan for $63B

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AbbVie signed on to buy rival drugmaker Allergan for $63 billion.

The bid values Allergan's shares at a 45% premium.

The acquisition would combine AbbVie, the maker of arthritis drug Humira, and Allergan, which is known for its wrinkle treatment Botox, among other products.

Read more from Bloomberg.

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